MUMBAI, April 12 (Reuters) - India's Tata Capital Housing Finance plans to raise funds
by selling commercial papers maturing in nearly one year, three merchant bankers said on
Wednesday.
The company will offer a yield of 7.68% on the issue for which it has received commitments
worth around 5 billion rupees ($60.98 million), the bankers added.
The notes are rated A1+ by ICRA and will mature on March 24, 2024.
($1 = 81.9900 Indian rupees)
(Reporting by Dharamraj Dhutia; Editing by Shailesh Kuber)
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